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Office of Management and Budget Nears Completion of FY 2025 Executive Budget

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May 21, 2024


The Office of Management & Budget (OMB) and members of Governor
Albert Bryan Jr.’s Financial Team are putting the final touches on the Fiscal Year 2025
Recommended Executive Budget. This follows a series of intense evaluations and discussions at
the recent Spring Revenue Estimating Conference held on May 7th.

In line with Title 2, Chapter 2, Section 22 of the Virgin Islands Code, OMB is currently performing
a detailed mid-year review of the current FY 2024 budget. This review is crucial for ensuring that
the budgeted amounts are in step with the actual revenues collected, a key element in
maintaining fiscal responsibility and transparency.

The OMB will soon report its findings to the Committee on Finance and the Legislature’s Post
Audit Division, adhering to the legal deadline set for one month after the revenue estimating

Leader of Governor Bryan’s financial team, OMB Director Jenifer O’Neal, and other members of
Governor Bryan’s financial team, has been rigorously working to match the FY 2024 budget
projections with the actual financial data, aiming to establish a strong and feasible fiscal plan for
FY 2025. This effort highlights the administration’s commitment to prudent financial
management and strategic planning.

“Our financial team’s thorough work demonstrates our steadfast commitment to serving the
Virgin Islands with integrity and transparency,” Governor Bryan stated. “We are well-prepared to
introduce a balanced and thorough budget that meets our community’s needs and paves the way
for sustainable growth and development.”

The Financial Team is scheduled to provide an overview of the Fiscal Year 2025 budget on June
4th. During this presentation, they will detail the main aspects of the budget and explain how
these support the governor’s priorities in health, education, public safety, and economic growth.

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